- New research from Gartner says the global wearables market will grow 16.7% this year driven by strong smartwatch sales led by Apple (NASDAQ:AAPL).
- Smartwatch sales will account for $9.3B of the total $30.5B in wearable sales this year.
- Smartwatches expected to sell 41.5M units this year and 81M in 2021, which would represent 16% of the wearables market.
- The watches would come second only to Bluetooth headsets in unit sales between 2019 and 2021.
- Gartner research director Angela McIntyre puts the smartwatch ASP at $223.25 this year and expects the number to drop to a $214.99 ASP by 2021 due to higher volumes.
- Apple leads the smartwatch market with a one-third share last year but that could shrink to a quarter in 2021 due to increasing competition from Samsung (KS:005930), LG, and Huawei.
- Apple should announce the Watch Series 3 at a launch event next month, rumored for September 12 announcement. The Series 3 could feature cellular connectivity through an embedded SIM that might not require tethering to an iPhone.
- Previously: Digitimes: Apple Watch will ship 20M units next year (Aug. 18)
- Now read: My 5 Favorite Dividend Investments Of 2017
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Apple leading smartwatch market expected to reach $9.3B this year
Published 08/24/2017, 08:21 AM
Apple leading smartwatch market expected to reach $9.3B this year
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